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Refining

Phillips 66 cuts output at Linden refinery amid weak margins

Phillips 66 cut production by roughly 5% at its 238 Mbpd refinery in Linden, New Jersey, amid weak refining margins.

ExxonMobil to put Montana refinery on block

ExxonMobil Corp. is in the first stages of seeking a potential buyer for its Billings, Montana, refinery, one of the company's only US plants that is not integrated with its chemical operations

Column: Asian refinery wars - China, India gain market share

China's surging exports of refined fuels have cut profit margins for Asia's refiners, but the pain is unlikely to be shared equally across all the region's exporters of oil products.

China's parliament proposes new environmental tax benefits

China's parliament has proposed increasing tax benefits for companies that cut pollution by more than the national standard.

Rompetrol to perform scheduled maintenance work at Petromidia Refinery

Rompetrol has begun scheduled maintenance at its Petromidia refinery and conducting an investigation into the August 22 explosion.

Japan's JX, TonenGeneral merger deal imminent

Japan's JX Holdings and TonenGeneral Sekiyu are set to finalize details Wednesday, August 31 for a new merged company to be formed in April 2017.

Sulfur tank explosion and fire at Tesoro Carson refinery

HP Editorial Staff: HP News

A fire erupted at Tesoro’s Carson refinery after a 1-ton sulfur tank exploded.

Profit at China's Sinopec slumps 21.6% in first half

Sinopec said its net profit fell 21.6% in the first half of 2016, hurt by a steep decline in international oil prices.

Oil refiners face reprieve as maintenance tames fuel glut

Oil refiners reeling from tumbling profits can expect some reprieve in the coming weeks as lower production could tame a huge global excess of gasoline and diesel.

LyondellBasell retains bank for potential Houston refinery sale

LyondellBasell Industries has retained Bank of America Merrill Lynch to help with the potential sale of its refinery in Houston.